The chef has precosted the recipe for an entree and a sauce, which is one item on the menu. The food cost is $6.34. A prime ingrecient multiplier of $3.72 has been established. What is the base selling price when the prime ingredient mark up method is used?
Q: ces. The pizzeria’s owner has determined that the shop has two major cost drivers—the number of…
A: 1. Flexible budget Actual Revenue and spending variances Revenue 27300 $27840…
Q: These questions relate to the Integrated Analytics Case: Bene Petit. Select the appropriate eBook…
A:
Q: Please help
A: Revenue and Spending Variances are calculated by subtracting the Flexi Budget from the Actual…
Q: Chloe's Cafe bakes croissants that it sells to local restaurants and grocery stores. The average…
A: The formula used are as follows:
Q: Process or Sell Product F is produced for $3.34 per pound. Product F can be sold without additional…
A: Here in this question, we are required to make differential analysis. Differential analysis is made…
Q: g Beef Restaurant has the following standard for a roat beef dinne d beef ed potatoes ed vegetables…
A: Standard Costing - Standard costing is the process of replacing an actual cost in the accounting…
Q: A firm plans to use three different types of ads to attract potential customers to its product. The…
A: Step 1: Write the objective function and constraints The objective function we want to maximize is:…
Q: he owner of the Kosher Restaurant would like to determine the fixed and variable components of the…
A: Answer) Calculation of Variable cost per unit using High-low method Variable cost per unit =…
Q: please explain steps on how to solve Chloe's Cafe bakes croissants that it sells to local…
A: Direct costs are the expenses that are directly used for the production of goods and services for…
Q: Milano Pizza has a small area for in-store dining as well as offers take-out and free home delivery…
A: The variance is the difference between the actual and budgeted results within the budgetary…
Q: A restaurant bakes its own bread for a cost of $190 per unit (100 loaves), including fixed costs of…
A: Relevant costing involves elimination of avoidable costs while ascertaining the total costs on the…
Q: Milano Pizza is a small neighborhood pizzeria that has a small area for in-store dining as well as…
A: Flexible budget is that budget which changes along with change in activity level. Difference between…
Q: Scatter Diagrams and High-Low Cost Estimation Assume the local Pearle Vision has the following…
A: Introduction: Production costs are the expenses incurred when a company makes items. The three…
Q: Chloe’s Cafe bakes croissants that it sells to local restaurants and grocery stores. The average…
A: Variable cost means the cost which vary with the level of output where as fixed cost remains fixed…
Q: Prepare a schedule to show the differential costs per cookie (Enter your answers to 2 decimal…
A: Variable expenses are the expenses that vary with the change in output.
Q: Milano Pizza is a small neighborhood pizzeria that has a small area for in-store dining as well as…
A: Flexible Budget is the preparation of the budget using standard costs and revenues with the actual…
Q: True Value Producers manufactures rum cakes, and CF Supplier's List Price which the following…
A:
Q: The airline is serving meals to all passengers as part of their package service. The following cost…
A: Relevant cost is the cost that is relevant for a certain product or a service, in short it comprises…
Q: Burnaby Meadows Restaurant uses a contribution margin pricing system. The restaurant's manager…
A: Given, Selling price = $10.00 Contribution margin = $4.00 Product cost means variable cost. Whereas,…
Q: Product costs Labor-hours per case Total cases produced Material cost per case Direct labor cost per…
A: Cost accounting is a mechanism adopted by entities to find out the true cost of a specific service,…
Q: Fill in the missing amounts in each of the eight case situations below. Each case is independent of…
A: Net operating income is the amount of money earned by the entity after deducting the expenses from…
Q: A restaurant bakes its own bread for a cost of $164 per unit (100 loaves), including fixed costs of…
A: Make or buy decision is something where an entity has to choose an alternative from making or buying…
Q: Prepare a differential analysis dated July 7 to determine whether the company should make…
A: Differential Analysis: A differential analysis is an analysis of differential revenue that could…
Q: Milano Pizza is a small neighborhood pizzeria that has a small area for in-store dining as well as…
A: Variances is the amount of difference between the actual values and the values estimated by the…
Q: Milano Pizza is a small neighborhood pizzeria that has a small area for in-store dining as well as…
A: Variance is a measure that shows the variation between the actual and the budgeted amounts. There…
Q: B. Following is the cost break-down structure (CBS) for the development of a new grocery…
A: Cost Break Down Structure Capital Investment Date Amount a) Research and development…
Q: A restaurant bakes its own bread for a cost of $152 per unit (100 loaves), including fixed costs of…
A: Differential Analysis Make Bread(Alt. 1) or Buy Bread (Alt. 2) July 7 MakeBread(Alternative…
Q: Make or Buy A restaurant bakes its own bread for a cost of $156 per unit (100 loaves), including…
A: Make or Buy decision: The analysis of difference in manufacturing cost or to purchase the product is…
Q: A restaurant bakes its own bread for a cost of $160 per unit (100 loaves), including fixed costs of…
A: Solution:
Q: Please help answer requirement 1, requirement 2, and requirement 3. And complete the table below to…
A: Based on the given information, Solution is provided belowExplanation:K&R Mechanical sells and…
Q: Milano Pizza is a small neighborhood pizzeria that has a small area for in-store dining as well as…
A: A flexible budget is based on the principle that as activity levels change, so do the costs and…
Q: Use CVP and compute the food covers necessary to achieve breakeven for a single-product restaurant…
A: Break even point is the point where there is no loss and profit and only fixed cost is covered.
Q: Oficina Bonita Company manufactures office furniture. An unfinished desk is produced for $37.15 and…
A: The differential analysis is performed to compare the different alternatives available with the…
Q: 1.Make or Buy A restaurant bakes its own bread for a cost of $148 per unit (100 loaves), including…
A: Differential analysis refers to the process of analyzing different expenses and benefits which can…
Q: Milano Pizza is a small neighborhood pizzeria that has a small area for in-store dining as well as…
A: The flexible budget is the budget prepared at actual units sold but using the standard rates. If the…
Q: Milano Pizza is a small neighborhood pizzeria that has a small area for in-store dining as well as…
A: The following calculations are done to calculate the spending and spending variances of Pizzeria for…
Q: Make or Buy A restaurant bakes its own bread for a cost of $164 per unit (100 loaves), including…
A: Whenever company has two alternatives of make or buy, then it should compare total costs of both the…
Q: Restaurants often add and remove menu items. Visit a restaurant and identify a new food item. Make a…
A: The costs that a restaurant should consider when deciding whether to add the new food items are,…
Q: A typical customer decides her decision to choose plan based on the total annual cost (dining meal…
A: Here discuss about the details of the determination of annual cost for different segment in the…
Q: Milano Pizza is a small neighborhood pizzeria that has a small area for in-store dining as well as…
A: Flexible Budget is prepared at the estimated per unit amounts. Revenue and spending variances =…
Q: recipe requires 6 cups of trimmed and cleaned onions. Use the following information: 1 pound of…
A: calculations of ingrediants cost of 6 cups of trimmed & cleaned onions. 1 pound of onions…
Q: A restaurant bakes its own bread for a cost of $152 per unit (100 loaves), including fixed costs of…
A: Variable Cost = Total Cost - Fixed Cost Variable Cost = $152 - $30 Variable Cost = $122
Q: Make or Buy A restaurant bakes its own bread for a cost of $160 per unit (100 loaves), including…
A: A technique which is used when the decision regarding choosing one of the alternatives is to be…
Q: Make or Buy A restaurant bakes its own bread for a cost of $168 per unit (100 loaves), including…
A: Variable cost per unit = $168 - $36 Variable cost per unit = $132
Q: he Restaurant currently has a fish and chips meal that sells f aintain a food cost percentage of…
A: In this question, we will calculate the food cost percentage and the selling price, and for the…
The chef has precosted the recipe for an entree and a sauce, which is one item on the menu. The food cost is $6.34. A prime ingrecient multiplier of $3.72 has been established. What is the base selling price when the prime ingredient mark up method is used?
Step by step
Solved in 2 steps with 2 images
- Make or Buy A restaurant bakes its own bread for a cost of $156 per unit (100 loaves), including fixed costs of $34 per unit. A proposal is offered to purchase bread from an outside source for $101 per unit, plus $12 per unit for delivery. Prepare a differential analysis dated July 7 to determine whether the company should make (Alternative 1) or buy (Alternative 2) the bread, assuming that fixed costs are unaffected by the decision. If an amount is zero, enter "0". For those boxes in which you must enter subtracted or negative numbers use a minus sign. Differential Analysis Make Bread (Alt. 1) or Buy Bread (Alt. 2) July 7 Make Bread(Alternative 1) Buy Bread(Alternative 2) Differential Effecton Income(Alternative 2) Sales price $0 $0 $0 Unit Costs: Purchase price $ $ $ Delivery Variable costs Fixed factory overhead Income (Loss) $ $ $ Determine whether the company should make (Alternative 1) or buy (Alternative 2) the…ramOficina Bonita Company manufactures office furniture. An unfinished desk is produced for $34.75 and sold for $65.75. A finished desk can be sold for $75.50. The additional processing cost to complete the finished desk is $6.45. Prepare a differential analysis. Round your answers to two decimal places. Line Item Description Sell UnfinishedDesks(Alternative 1) Process Further intoFinished Desks(Alternative 2) DifferentialEffects(Alternative 2) Revenues per desk $fill in the blank 1 $fill in the blank 2 $fill in the blank 3 Costs per desk fill in the blank 4 fill in the blank 5 fill in the blank 6 Profit (loss) per desk $fill in the blank 7 $fill in the blank 8 $fill in the blank 9 Should the company sell unfinished desks or process further and sell finished desks?Oficina Bonita Company should .
- David Berger is the F&B director at the private membership Fox Ridge Country Club. He is implementing a new dining room menu and has calculated menu prices for the six new entrée items the menu will include. Complete the table below and then answer the questions that follow. Menu Item Selling Price Product Cost Per Serving Labor Cost Food Cost % Prime Cost Contribution Margin New York Strip $ 26.95 $ 12.97 $ 1.95 1/2 Duckling $ 25.95 $ 11.73 $ 2.55 Veal Chop $ 31.95 $ 13.85 $ 1.95 Roasted Free Range Chicken $ 18.95 $ 6.53 $ 2.55 Pork Medallions $ 24.95 $ 5.58 $ 3.10 Portabella Mushroom Pasta $ 18.95 $ 3.85 $ 4.25Fill in the missing amounts in each of the eight case situations below. Each case is independent of the others. Required: a. Assume that only one product is being sold in each of the four following case situations: b. Assume that more than one product is being sold in each of the four following case situations: Complete this question by entering your answers in the tabs below. Required A Required B Assume that only one product is being sold in each of the four following case situations: (Loss amounts should be indicat a minus sign.) Units sold Sales Variable expenses Contribution margin Fixed expenses Net operating income (loss) Contribution margin per unit Required A Required B Sales Variable expenses Contribution margin $ Fixed expenses Net operating income (loss) Contribution margin ratio (percent) $ $ Case 1 8,000 216,000 $ 160,000 56,000 92,000 (36,000) $ 7 $ $ $ Case 2 Case 1 454,000 323,400 65.600 174,000 (12,300) $ 11 $ Assume that more than one product is being sold in each of…How much does a bowl of chili cost on a full-cost basis? An out-of-pocket basis? For determining the true profitability of chili, how much does a bowl of chili really cost?
- Use CVP and compute the food covers necessary to achieve break even for a single product restaurant with total fixed cost of $ 16,000, an average check of $ 15, and a variable cost per cover of $. 7.Milano Pizza is a small neighborhood pizzeria that has a small area for in-store dining as well as offering take-out and free home delivery services. The pizzeria's owner has determined that the shop has two major cost drivers-the number of pizzas sold and the number of deliveries made. The pizzeria's cost formulas appear below: Fixed Cost per Month Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous Pizzas Deliveries Revenue Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent $ 5,910 $ 610 Miscellaneous $ 630 $ 400 $ 1,870 $ 730 In November, the pizzeria budgeted for 1,560 pizzas at an average selling price of $15 per pizza and for 220 deliveries. Data concerning the pizzeria's actual results in November appear below: Actual Results. 1,660 200 $ 25,450 $ 7,210 $ 5,850 $ 885 $ 620 $ 986 $ 400 Cost per Pizza $ 4.40 $ 1,870 $ 790 $ 0.30 Cost per Delivery $ 0.15 $ 3.10 $…Milano Pizza is a small neighborhood pizzeria that has a small area for in-store dining as well as offering take-out and free home delivery services. The pizzeria’s owner has determined that the shop has two major cost drivers—the number of pizzas sold and the number of deliveries made. The pizzeria’s cost formulas appear below: Fixed Costper Month Cost perPizza Cost perDelivery Pizza ingredients $ 4.40 Kitchen staff $ 5,910 Utilities $ 610 $ 0.30 Delivery person $ 3.10 Delivery vehicle $ 630 $ 1.50 Equipment depreciation $ 400 Rent $ 1,870 Miscellaneous $ 730 $ 0.15 In November, the pizzeria budgeted for 1,560 pizzas at an average selling price of $15 per pizza and for 220 deliveries. Data concerning the pizzeria’s actual results in November appear below: Actual Results Pizzas 1,660 Deliveries 200 Revenue $ 25,450 Pizza…
- Milano Pizza is a small neighborhood pizzeria that has a small area for in-store dining as well as offering take-out and free home delivery services. The pizzeria's owner has determined that the shop has two major cost drivers the number of pizzas sold and the number of deliveries made. The pizzeria's cost formulas appear below: Pizza ingredients Fixed Cost Cost per per Month Pizza $ 4.50 $ 5,930 Cost per Delivery Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $ 620 $640 $ 408 $1,890 $740 $0.40 $ 3.20 $ 0.20 $ 1.60 In November, the pizzeria budgeted for 1,590 pizzas at an average selling price of $16 per pizza and for 230 deliveries. Data concerning the pizzeria's actual results in November appear below. Actual Results Pizzas Deliveries Revenue 1,690 210 Kitchen staff Delivery person $27,600 Pizza ingredients $ 7,390 $ 5,870 Utilities. $ 890 $ 672 $ 988 $ 408 $ 1,890 $ 796 Delivery vehicle Equipment depreciation Rent Miscellaneous…Make or Buy A restaurant bakes its own bread for a cost of $164 per unit (100 loaves), including fixed costs of $33 per unit. A proposal is offered to purchase bread from an outside source for $105 per unit, plus $8 per unit for delivery. Prepare a differential analysis dated July 7 to determine whether the company should make (Alternative 1) or buy (Alternative 2) the bread, assuming that fixed costs are unaffected by the decision. If an amount is zero, enter "0". For those boxes in which you must enter subtracted or negative numbers use a minus sign. Differential Analysis Make Bread (Alt. 1) or Buy Bread (Alt. 2) July 7 Make Bread (Alternative 1) Buy Bread(Alternative 2) Differential Effecton Income (Alternative 2) Sales price $0 $0 $0 Unit Costs: Purchase price $fill in the blank d6e37f091047043_1 $fill in the blank d6e37f091047043_2 $fill in the blank d6e37f091047043_3 Delivery fill in the blank d6e37f091047043_4 fill in the blank d6e37f091047043_5…Unit cost per order of a given size 2. An analysis of selling costs shows: (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) nces ? Management may want to consider offering discounts for large orders. ? Small orders are preferable to medium sized orders. 2 Large orders are preferable to medium sized orders. ? Marketing should be focused on small sized orders. raw lill insert Oelete F9 F10 F11 F12 F6
